A new report from real estate data provider CoreLogic shows that home prices in the Triangle continued to rise in May.
Home prices, including distressed sales, increased 5.2 percent in the Raleigh-Cary market in April compared with the same period a year ago, according to CoreLogic. Prices in the Durham-Chapel Hill market increased 4.5 percent over that same period.
The Triangle price increases continue to be smaller than those being reported nationwide. Prices increased 12.2 percent nationwide in May, the 15th consecutive month that nationwide home prices have risen.
Excluding distressed sales, prices increased 5.8 percent in Raleigh-Cary and 5.7 percent in Durham-Chapel Hill.
CoreLogic uses a repeat-sales index that tracks increases and decreases in prices for the same homes over time, which it claims provides a more accurate view of pricing trends.